Bitcoin (BTC) had a continuous dip since October month has begun. The price drop continued on the second day and has a chance to go further lower in the coming days. Let’s get deep into the details.
The September month started with a price of $58,968 as of September 1 and followed a trend of dropping to $52,827 as of Sept 7, 2024. Then, it slowly started to pick up the pace and started to be on a bullish ride with a few hiccups and reached the top of $66,331 as it reached the end of the month.
The same trend continued in October, as the price dipped slowly. The price of BTC at the time of writing is $61,160. As the trend continues, the price will surge in the middle and continue till the end of the month.
The presidential battle between Donald Trump and Kamala Harris will also influence the future of the Cryptocurrency market along with Bitcoin in the next month. While Donald Trump has created a buzz and a positive approach to Crypto, Kamala Harris is emphasizing AI, blockchain, and other technologies and is showing a positive strategy toward crypto. However, Harris’s approach and policies are unclear.
Trump has accepted donations in Bitcoin and other cryptocurrencies and has even attended and participated in the Bitcoin Conference. The election results will have a certain impact on the Crypto regulations and policies.
The price of Bitcoin is expected to surpass its all-time high and hit $100k by the end of the year or by the beginning of 2025 according to the crypto experts. Though BTC may not or have a much lesser chance to touch the 100k, it has a huge chance and high possibility to reach $80k by the year-end.
Let’s wait and see, what is coming for crypto traders and enthusiasts in the coming months.
Also Read: Best Crypto Sportsbook in 2024
Prasanth is an experienced crypto trader and writer with 5 years of expertise in blockchain technology, cryptocurrency markets, and trading strategies. He specializes in creating insightful, easy-to-understand content that helps readers stay informed about the latest trends, investment opportunities, and security best practices in the crypto space. With a deep passion for digital assets and a commitment to providing valuable, trustworthy information, Prasanth empowers both beginners and experienced traders to make informed decisions in the fast-evolving world of cryptocurrency.
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